Category: Industry

Explore updates on Industry real estate focusing on warehouses, logistics parks, and manufacturing hubs. Learn about infrastructure development, market demand, rental yields, and investment opportunities shaping this fast-growing segment.

IndustryLatest Stories

Arkade Developers Buys Woollen & Textile Industries

NEW DELHI: Arkade Developers has signed a memorandum of understanding (MoU) to acquire 100% shareholding in Woollen and Textile Industries. This marks the company’s second acquisition in Bhandup West, Mumbai. The deal involves a land parcel measuring 14,363.60 sq meters, with a total consideration of ₹148 crore. Published On Sep 3, 2025 at 02:30 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Access all ETRealty industry updates right on your smartphone!

IndustryLatest Stories

Karnataka Housing Board: 772-Acre Project in Devanahalli

Representative AI image BENGALURU: The Karnataka Housing Board (KHB) has proposed a substantial 772-acre housing development near the Information Technology Investment Region (ITIR) in Devanahalli, in response to the growing residential demand stemming from rapid urbanization and industrial expansion in the area. KHB plans to provide residential plots and affordable housing, particularly targeting economically disadvantaged groups, along with essential infrastructure like roads, water supply, and sanitation services. However, the future of this initiative remains uncertain, following the government’s recent cancellation of the acquisition of 1,777 acres due to farmers’ protests over the loss of fertile farmland. Officials reported that KHB…

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Delhi’s Suniyo property tax scheme raises ₹304 crore in 3 months

NEW DELHI: In just three months, the Municipal Corporation of Delhi’s (MCD) Suniyo property tax amnesty scheme has garnered ₹304 crore—over three and a half times the revenue generated from the previous scheme. The Suniyo (Sampatti Kar Niptan Yojana), which will conclude on September 30, has seen a greater number of taxpayers. Data indicates that 102,142 individuals have utilized the Suniyo scheme thus far, compared to 38,805 participants from the Samriddhi scheme initiated in 2022-2023. The Suniyo scheme has outperformed the earlier Samriddhi scheme, which raised only ₹84.23 crore during the same period last year, as noted by an MCD…

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Maharashtra to Implement Favorable Real Estate Policies

NEW DELHI: Maharashtra is committed to developing infrastructure-related policies, including housing initiatives that adapt to evolving needs, as stated by Meghana Sakore Bordikar, Maharashtra’s Minister of State. She made these remarks during the Naredco 17th National Convention in Delhi. Niranjan Hiranandani, Chairman of Naredco, stressed that the housing and real estate sectors must expand at a minimum rate of 15% annually if India aims to achieve developed-nation status before the 2047 target year. Bordikar did not confirm any plans regarding the reduction of stamp duty in Maharashtra. She noted that while no immediate commitments can be made in that area,…

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Excel Infra to Invest ₹250 Crore on New Mumbai Project

NEW DELHI: Excel Infra Construction announced on Monday its plan to invest ₹250 crore in a new housing project in Mumbai. The company revealed that it has initiated a luxury residential project at Bandra Reclamation, backed by an investment of ₹252 crore. Funding will be sourced from a combination of equity and Alternative Investment Fund (AIF) structured as non-convertible debentures. Excel Infra anticipates a revenue of ₹400 crore from this initiative, which features a 33-storey residential tower comprising 96 units. The apartments in the ‘Bellissima’ project are priced at ₹51,500 per square foot. “With a strategically planned investment and the…

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Brookprop pays ₹20.47L to settle REIT rule breach with Sebi

NEW DELHI: Brookprop Management Services, managing Brookfield India Real Estate Trust, settled an alleged REIT norms violation with the Securities and Exchange Board of India (Sebi) by paying Rs 20.47 lakh on Monday. “With the acceptance of the settlement terms and receipt of the settlement amount (Rs 20.47 lakh), the adjudication proceedings initiated through the show cause notice (SCN) dated June 11, 2024, are resolved under the settlement Regulations,” stated Sebi in its order. The notice alleged that the applicant used borrowed funds to facilitate the distribution of Net Distributable Cash Flow (NDCF). This resolution followed the entity’s application to…

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Puravankara Subsidiary Wins Malabar Hill Redevelopment Project

NEW DELHI: Puravankara, through its wholly owned subsidiary Purva Blue Agate, has secured redevelopment rights for a residential society located in Malabar Hill, Mumbai. This 1.43-acre project has the potential for 0.7 million sq ft of development, which will provide new homes for current residents as well as create a significant number of units for sale. “With this acquisition, our redevelopment portfolio in Mumbai now amounts to 4.25 million sq ft, with a potential Gross Development Value (GDV) of ₹10,500 crore,” stated Rajat Rastogi, CEO – West & Commercial Assets at Puravankara. The projected revenue for this project is estimated…

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Maharashtra to Set Discounted Property Tax Rate This Week

PUNE: The state government and Pune Municipal Corporation (PMC) officials are set to meet on Wednesday to finalize the future approach regarding property tax implementation at discounted rates in 32 merged areas. Residents from these merged areas are requesting that the state impose property taxes at reduced rates, arguing that the PMC has levied heavy taxes following the integration of these regions into municipal limits. Last year, the state government directed the PMC to levy “twice the property tax rate charged by the grampanchayat before the merger,” in response to citizen demands. However, PMC officials stated they could not comply…

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Pune Civic Properties at Risk Due to No GPS Mapping

PUNE: The Pune Municipal Corporation’s plan to map its 3,000 properties via GPS to protect them from encroachment remains unfinished even after five years. The initiative was launched in 2021-22, prompted by the discovery that a municipal community hall was being misused for weddings by a former corporator. A contractor was subsequently hired to execute the project, but activists report that it appears to have stalled. Vijay Kumbhar from Surajya Sangharsh Samiti, a citizens’ group, remarked, “The project has not delivered the desired results and seems to have been sidelined, especially as the civic body is initiating another round of…

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Karnataka’s hike in property registration fee sparks backlash

DHARWAD: The state government’s decision to raise property registration fees by 2% has provoked significant backlash from the public and opposition parties, which are now urging an immediate reversal. Deputy opposition leader Arvind Bellad criticized the Congress government’s “anti-people policies” that are adding to the burdens of citizens already facing rising costs. “The government has suddenly doubled the property registration fee. For low-income and middle-class families, this increase—raising stamp duty and registration charges to 7.6%—is a heavy burden,” he remarked, calling for a return to the previous rates. Citizens claim that the state government has used the guise of “better…